Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
The often-controversial tether (USDT) stablecoins emerged as the best bet for traders looking for a stable haven earlier this month following a series of banking troubles in the U.S.
Binance Swaps BUSD in SAFU for TUSD and USDT Amid Termination of Minting from Paxos
This swap is to ensure that assets in SAFU continue to protect users in the long term as the BUSD market capitalization continues to decrease over time.
Tether’s Circulating Supply Reaches 10-Month High of $74B
Tether’s USDT supply reached 74 billion for the first time since May 2022, according to CryptoSlate’s data.
Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
Tether's Stablecoin Market Cap Now Double USDC After SVB Chaos
Tether’s stablecoin market capitalization swelled to nearly $75 billion on Thursday morning, its highest level since May 2022, data from CoinGecko shows.
USDT Climbs to Highest Market Share Since July 2021 Amid Stablecoin Chaos
In a rapid turn of events, Tether’s stablecoin dominance has surged to its highest point in a year and a half, a feat crypto watchers attribute to difficulties surrounding rival stablecoins USDC and BUSD.
Tether [USDT] Exchange Supply Dwindles As Whales…
According to Santiment, about $1 billion USDT left exchanges and were moved into self-custody multiple times in the last ten days. This was an uncommon occurrence because the act had only happened eight times over the last 365 days before now.
Uniswap Hits ATH of Almost $12B in Trading Volume Amidst USDC Crisis
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges.
Majority of Stablecoins Re-Store the $1 Peg – Including USDC Whilst USDT Dominance Hits 58%
Over the past few days, stablecoins lost the peg to $1; the main headline was USDC.
Tether Doesn’t Have Any Exposure to Signature Bank
Tether doesn't have any exposure to Signature Bank.
Insolvency Fears Led Many to Turn to Other Stablecoins, Sell USDC at a Major Discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC's collateral was held at Silicon Valley Bank.
Funding Rate of USDC-USDT on Bybit Has Risen to 0.3567%
As of press time, the funding rate for the USDC-USDT perpetual contract trading pair on Bybit platform has risen to 0.3567%, according to Coinglass data.
Crypto Whale Deposited $129M to Aave to Borrow USDT and Purchase USDC: Lookonchain
As of now, this address has lent out 28,577,700 USDT and acquired 29,961,238 USDC.
Crypto Morning Briefing: MakerDAO Founder Calls for Rebranding of DAI Stablecoin
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security; Blockchain.com to Suspend Operations of Asset Management Arm; Gateio Launching Debit Card Supporting Shiba Inu & Crypto Payments Across Europe; Binance Approves TerraClassicUSD (USTC) Against Tether USD (USDT) Trading Pair
Stablecoins Statistics: 2023 Report
Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations and emerging models.
Tether’s USDT Stablecoin Market Share Rises to Highest Level in 15 Months
The dominance of Tether’s USDT is rising among stablecoins amid an on-going shake-up of the $136 billion stablecoin market.
Tether Responds to WSJ FUD Regarding Falsified Bank Documents
Leading stablecoin issuer Tether has once again slammed mainstream media, The Wall Street Journal, for publishing a report that claimed the firm and its affiliates falsified documents and shell companies to open bank accounts about four years ago.
Cointime News Wrapup-Afternoon Version: Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
The latest report from Wall Street Journal on Sunday, March 5, shows that Binance once devised a plan to avoid any regulatory scrutiny in the United States.
Tether Strikes at WSJ over ‘Stale Allegations’ of Faked Documents for Bank Accounts
The company behind stablecoin Tether has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system. On March 3, the WSJ reported on leaked documents and emails purportedly revealing that entities tied to Tether and its sister cryptocurrency exchange Bitfinex faked sales invoices and transactions and hid behind third parties in order to open bank accounts they otherwise may not have been able to open. In a March 3 statement, Tether called the findings of the report “stale allegations from long ago” and “wholly inaccurate and misleading. (Cointelegraph)
